Tom Ford Looks to Expand

Tom Ford is expanding. (Or hoping to, at least.) The designer is reportedly looking to raise $50 million in financing to expand into womenswear. [Reuters]
• Rents along Fifth Avenue have been falling, of course. But the situation appears to be particularly bleak at the empty shopping mall (or "retail collection") at the Plaza Hotel. [Bloomberg, NYP]
• The downside of diffusion: According to a new survey, consumers say luxury products are too accessible these days and have become a commodity. [WWD]

• Is every rock star's daughter becoming a model? Seems like it! [Vanity Fair]
• Iconix, the company that owns Badgley Mischka, Joe Boxer, and half of Ed Hardy, may take control of Marc Ecko's struggling clothing company. [NYP]
• Socialite Olivia Palermo is getting into jewelry design, apparently. [People]
• Suri Cruise is starting young, clearly. She was spotted yesterday walking alongside her mom wearing peep-toe d'Orsay heels. [JustJared]
• Scenes from London Fashion Week. [Refinery29]